Experience award-winning platforms with fast and secure execution, and enjoy tight spreads from 0.5 pts on FX and 1 pt on indices. USD/JPY https://www.tdameritrade.com/investment-products/forex-trading.html remains on the backside of the counter-trendline on the hourly chart which leaves a bearish bias on the charts for the days ahead.

• By Ambar Warrick Investing.com– Most Asian currencies retreated on Monday as weak Chinese economic data weighed on sentiment, while markets hunkered down ahead of a Federal…
• Upcoming economic data releases from the US this week includes a slew of housing data and Core PCE.
• This website is free for you to use but we may receive commission from the companies we feature on this site.
• USD/JPY remains on the backside of the counter-trendline on the hourly chart which leaves a bearish bias on the charts for the days ahead.

Get expert reaction to latest market news and seize potential opportunities. NZD/USD Outlook Mired by Failure to Clear October Opening RangeNZD/US may struggle to retain the advance from earlier this month if the exchange rate fails to clear the October high (0.5814). BENGALURU – The Reserve Bank of India will launch the pilot for a central-bank-backed digital rupee for the wholesale segment on Nov. 1, it said on Monday,… By Gertrude Chavez-Dreyfuss NEW YORK – The dollar gained across the board on Monday, regaining some of the luster it lost earlier in the month, bolstered by expectations… By Tetsushi Kajimoto and Leika Kihara TOKYO -Japan’s currency interventions have been stealth operations in order to maximise the effects of its forays into the market,…

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By Gertrude Chavez-Dreyfuss NEW YORK – The U.S. dollar slid against major currencies on Tuesday, on some expectation that the Federal Reserve will signal a slower pace… Stay up-to-date on breaking https://forexreviewdaily.com/ as well as relevant financial developments. The Hong Kong stock market has climbed higher in back-to-back sessions, surging more than 1,140 points or 8 percent in that span. The Hang Seng Index now sits just above the 15,825-point plateau although it’s predicted to open under pressure on Thursday.

The private sector in Singapore continued to expand in October, and at a faster pace, the latest survey from S&P Global revealed on Thursday with a PMI score of 57.7. The yellow metal has seen relentless pressure this year as interest rates have risen, but hopes for, perhaps, a pause, have https://forexreviewdaily.com/foreks-broker-finmaxfx/ lent some support. Major US equity indices initially rallied on the back of the release, though upside proved short-lived for the S&P 500, topping at a high of 3,894 and stepping beneath pre-announcement levels. ‘Rates need to move beyond the September Dot Plot forecasted (median 4.6%)’.

FOMC meeting preview: Fed expected to hike 75bps, but is the pivot imminent?

The Shanghai Composite Index now sits just above the 3,000-point plateau although it’s expected to turn lower again on Thursday. Fed Chairman Powell hinted at a slower pace of rate hikes, but the key question is whether the peak rate will be above or below 5%… Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances.

A carry trade is a trading strategy that involves borrowing a low-yield currency and investing in a high-yielding asset to exploit the interest rate differential. Carry trades are most common in forex trading with traders borrowing the low interest Japanese yen to buy higher interest currencies. Learn what currency pairs work best and how to execute the strategy yourself in our full guide. With the RBA only hiking rates by 25bps at each of the last two meetings, the RBNZ is the more hawkish of the two central banks. Price Action https://forexreviewdaily.com/ Support and Resistance While price action presents a somewhat objective framework for traders to work with, identifying workable zones of support and resistance requires a bit of subjectivity. Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.

By Peter Nurse Investing.com – The US dollar stabilized in early European trading Thursday, after overnight losses, while the euro pushed above parity ahead of an expected jumbo… MOSCOW – The rouble edged lower against the dollar, euro and yuan on Tuesday, as the Russian currency began trading without the support of a favourable month-end tax… The Malaysia stock market has finished higher in two of three trading days since the end of the two-day slide in which it had dipped almost 8 points or 0.6 percent. The Kuala Lumpur Composite Index now rests just above the 1,450-point plateau although it figures to head south again on Thursday. The China stock market has tracked higher in two straight sessions, advancing almost 110 points or 3.7 percent along the way.

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By Peter Nurse Investing.com – The U.S. dollar edged higher in early European trade Monday at the start of a pivotal week which includes several central bank policy-setting… ANKARA – Turkey’s central bank sent a letter to local lenders on Monday, warning them Forex brokers against conducting forex transactions with foreign banks during "off hours" and… By Ambar Warrick Investing.com– Most Asian currencies moved little on Tuesday as markets hunkered down ahead of several major central bank meetings this week, while the…

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The private sector in Hong Kong continued to contract, albeit at a slower pace, the latest survey from S&P Global showed on Thursday with a PMI score of 49.3. A volatile session for the yen on Friday likely points to a currency intervention from the BOJ or MOF, in an attempt to stop or at least pause the currency’s fast depreciation. Bears have continued to cover their short bets against the euro, and we also note a pickup of long bets on the relatively bearish euro. https://forexreviewdaily.com/ Upcoming economic data releases from the US this week includes a slew of housing data and Core PCE. The tone set by the removal of forward guidance and the lack of information regarding QT led the markets to believe this was a dovish hike. Volatility should continue this week with the RBA, FOMC, and BOE all meeting to discuss interest rate policy. The JOLTS figure today shows that the US has even more job vacancies than anticipated, which was already high.

AUD/USD declines towards 0.6300 despite robust Trade Balance data

All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. By Saqib Iqbal Ahmed NEW YORK -Investors are hesitant to bet on a sustained decline in the dollar, even after the U.S. currency suffered its sharpest pullback in about… The services sector in Australia slipped into contraction territory in October, finmax forex the latest survey from S&P Global showed on Thursday with a services PMI score of 49.3. Australia posted a seasonally adjusted merchandise trade surplus of A$12.444 billion in September, the Australian Bureau of Statistics said on Thursday. Bitcoin is correcting after touching the $20.8K area, but the price above previous local highs and the 50-day moving average.

This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. This website is free for you to use but we may receive commission from the companies we feature on this site. US stocks point to a weaker open after strong gains last week as investors question whether the Fed will adopt a softer stance to monetary policy after November.